Island City House Hotel a Condominium

Key facts from Island City House Hotel a Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: Creation of Condominium)

Units / lots

26 (24 residential + 2 commercial) (Article III, B)

Developer / declarant

Old Island Hotels, Inc., a Florida corporation (Opening paragraph, page 8)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Article II, B)

Age restriction

Children allowed if accompanied by authorized adult; no age restriction (Article V, M)

Assessments & dues

Set by Board based on budget; not fixed in declaration (Article VII E and F)

Special assessments

Board may levy if assessments insufficient or emergency arises; so long as Developer owns at least 2 Units, requires Developer's prior written approval (Article VII, E2)

Collections & liens

Detailed provisions: notice of lien, 30-day notice of intention to foreclose, attorneys fees, etc. (Article VII E6)

Reserves & fees

Required: reserves for capital expenditures and deferred maintenance; and general operating reserve (Article VII, G)

Leasing & rentals

Yes, but only transient rentals (leases not exceeding 90 days); only in entirety, not partial; separate from right to rent on transient basis (Article V, V)

Architectural approval

Prior written consent of Association for alterations, changes to appearance (Article V I)

Maintenance

Unit Owners maintain interior; Association maintains Common Elements and Limited Common Elements except as otherwise provided (Article VII, J1 and J2)

Insurance

Association must maintain property insurance (casualty), liability, workers' compensation, flood insurance, fidelity bonds (Article IX, B)

Use restrictions

Residential Units are for transient rental only; not permanent residential dwellings; owners limited to 90 days occupancy per calendar year (Article V, A)

Voting & meetings

One vote per unit; owner of multiple units gets one vote per unit (Article IV, D)

Amendments

Amendments proposed, noticed, adopted by members; Developer consent required for certain amendments; amendments impairing certain rights require 80% of voting interests and Developer consent in some cases (Article XV, A-G)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.